HTC Invests in WEVR

August 03, 2015

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VC-backed WEVR has raised $10 million in funding from phone maker HTC (TPE: 2498). The investment is said to give HTC a 15% stake in the company, putting the valuation near $67 million. WEVR is developing virtual reality playback technology designed for VR producers, enabling the creation, presentation and publishing of projects on all VR headsets.